Keurig Dr Pepper to Acquire JDE Peet’s for $18 Billion
Keurig Dr Pepper plans to acquire European coffee company JDE Peet’s for $18 billion, aiming to split into two focused beverage companies—one on coffee and the other on soft drinks—effectively undoing its 2018 merger with Dr Pepper. The deal reflects shifts in consumer demand and challenges in the coffee industry, with the new focus on coffee innovation and growth, pending regulatory approval expected in 2026.